Lion Electric Company shares are trading higher after the company announced it entered into subscription agreements with investors contemplating concurrent finance transactions for aggregate gross proceeds of approximately $142 million.
Portfolio Pulse from Benzinga Newsdesk
Lion Electric Company has entered into subscription agreements with investors for concurrent finance transactions, aiming to raise approximately $142 million. This has led to a rise in the company's share price.
July 17, 2023 | 2:27 pm
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Lion Electric Company's shares are trading higher after the company announced subscription agreements with investors for concurrent finance transactions, aiming to raise approximately $142 million.
The announcement of the subscription agreements for concurrent finance transactions indicates a positive financial move by the company, which is likely to attract more investors. This has led to an increase in the company's share price, indicating a positive short-term impact.
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